Anti-corruption

In this chapter:

The Volvo Group does not accept corruption in any part of its business.

The work on anti-corruption is guided by the following principles contained in the Code of Conduct, which applies to all employees and Boards of Directors:

The Volvo Group shall not participate in or endorse any corrupt practices.

Representatives of the Volvo Group shall not offer customers, potential customers, suppliers, consultants, governments, agencies of governments, or any representative of such entities, any rewards or benefits in violation of applicable laws or established business practices stricter than applicable laws, in order to obtain or retain business or to gain any other improper advantage.

Volvo Group employees shall not accept payments, gifts or other kinds of reimbursement from a third party that could affect or appear to affect their objectivity in their business decisions.

The Volvo Group does not accept corruption in any part of its business.

The Volvo Group shall also take reasonable steps to prevent its business partners from taking part in practices that violate the principles in the Code of Conduct.

The responsibility for compliance with the anti-corruption policy rests with line management.